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20110701
20110731
Search Results 0 to 7 of about 8 (some duplicates have been removed)
be a big deal if the u.s. government couldn't pay its debts but i don't think that's where we're going to end up. we're not greece. greece is a small economy, greece is way, way deeper in hot than we are. people have lots of options where to put money and greece is low on their list because they think there's going to be a default. where the greece metaphor comes in is that greece and portugal and spain and ireland have raised questions about whether governments keep their promises. and to the extent that the congress and the president can agree on a long run fiscal plan, it raises the question of, are we ever going to get our act together so that we don't become greece? >> and is the market yet or do you suspect it will either price this in or panic? >> it's been amazing how calm the markets have been and i think there are two reasons for that. one is, they kind of assume that eventually washington will do what it has to do. and secondly, greece and europe have been such a preoccupation that nobody wants to have money there, so they've moved money to the u.s. as europe has done its ev
, but charle'' point is right. this is tiny, tiny little drops in a big ocean. it is not plan to solve the problem to go after corporate jets or even to go after the hedge fund guys, although i would sure like to. they have got to raise revenues, i hate to say it, on the middle class. everybody -- this is the point that gets lost in this -- everybody is in this boat. there is no way out, as every american does something. >> raise revenues on the shrinking middle class, mark. >> evan is right, because it is going to affect everybody. evan addressed the possibility of defaults. when that happens, the federal government of the united states, which borrows 40 cents of every dollar we spend every single day, is faced with the option, do you pay a sergeant in combat in kandahar, a grandmother in a 1-bedroom apartment, a social security check, or do you meet the obligations of the bankers who are holding their debt in beijing and beverly hills? the answer is simple. the prior claim is on the second group. the reality that we are contending with -- what the president is proposing is increasing
, the nasdaq rose 24 and the s&p 500 added a point. the blue chips were dragged lower by a big earnings miss from caterpillar, while the tech heavy nasdaq was lifted by strong earnings from chip maker advanced micro devices monday, we go beyond the scoreboard. our look at the business of sports gets the latest on the n.f.l. lockout. for more financial news, tune in to "nightly business report" weeknights on this public television station.
Search Results 0 to 7 of about 8 (some duplicates have been removed)